Corporations Code section 511

Notwithstanding the provisions of this chapter, a negotiable instrument issued by a corporation for the purchase or redemption of shares shall be enforceable by a holder in due course (Section 3302 of the Commercial Code) without notice that it was issued for that purpose or by a person who acquired the instrument through such a holder.

Source: Section 511, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=511. (updated Jan. 1, 1978; accessed Jul. 21, 2025).

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Up to date

Verified:
Jul. 21, 2025

§ 511's source at ca.gov

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Location: https://california.public.law/codes/corporations_code_section_511

Original Source: Section 511, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=CORP§ionNum=511. (last accessed May 12, 2025).